Old jobs will become extinct and be replaced by new ones, and the outlines of these titles are already emerging – AI Ethics Specialist, prompt engineer, Digital Twin designer, AI auditor, etc. While some are unconcerned about the future of jobs and human labor, assuming that the transition from one job to another may be bumpy but will not reduce the need for work, others believe that artificial intelligence will have the capacity to completely replace human labor. Some predictions suggest that there is a 50% probability that by 2047, artificial intelligence will be able to perform all tasks better than humans, and by 2116, AI will be capable of fully replacing all professions, including new jobs that will arise as a result of AI. This has implications as it means that people could gradually become technologically redundant, completely unnecessary for work.
As Aaron Bastani notes in his FALC (Fully Automated Luxury Communism), AI has the potential to replace human labor, push productivity to the sky, and bring costs to zero, thus leading to extreme abundance and post-scarcity. Will this create a new useless class as Harari formulated or a fully automated luxury communism as advocated by Bastani?
AI Produces, People Consume
I believe it is entirely possible that in the near future, human labor will not be crucial for production. However, people will still be key to consumption, a critical component of capitalism. The main role of the population will be in its capacity for consumption, rather than its ability to produce. It seems to me that a significant number of new jobs will be created in industries related to the consumption of products, services, and content, that is, in industries whose main role is to shape consumer preferences.
This logic leads me to conclude that advertising, or its most recent offshoot – influencers – could be among the biggest winners of the AI revolution. An ever-decreasing number of people will work in ‘production’ jobs, while an increasing number will move into preference-influencing industries. Some trends support this claim. Content creators are the fastest-growing type of small entrepreneurs in the U.S., says LA Times at the end of 2021.
It is estimated that around 50 million people globally work in the influencer or content creator industries. Axios reports a recent study indicating that more than one and a half million Americans now work full-time as digital creators, representing a growth of as much as 7.5 times since 2020. And while we throw around numbers, we must consider that it is difficult to arrive at an exact number of employees because this form of work can be unstable, sporadic, and temporary, and sometimes serves as a secondary source of income, making concrete classification and precise quantification challenging.
Goldman Sachs predicts that the overall immediate market for the creator economy could nearly double in the next five years from today’s $250 billion to $480 billion by 2027. I am confident that this trend will continue due to a simple equation: there will still be a need for people as consumers, and a certain number will be needed to create and shape preferences for that consumption. In the end, we can imagine that people in the near future will engage exclusively in management, influencing, and innovation (although the question remains how long this will be necessary with the advent of increasingly sophisticated AI). Of course, among the jobs that will certainly survive for some time are demanding physical jobs – such as hairdressers, electricians, plumbers, or nurses – which machines and AI will not be able to replace easily as they require a combination of ‘solving complex problems, creativity, interpersonal skills, and a high degree of dexterity.’
The Need for Filters
Technology increases the need for influencers in another way. Besides reducing the need for human labor in production, technology also contributes to hyperproduction. Look around you, and you will notice that there are more things, more products, services, and more choices than ever before.
Technological advancement allows for a reduction in production costs and generally increases the number of products and services on the market. Today, consumers have an overwhelming amount of options whether they are buying an air conditioner, a kettle, choosing a hotel, or a university. The consumer landscape has never been richer and thus more complicated. In this complex environment, consumers seek shortcuts to make purchasing and consumption decisions about products, services, and content more manageable. That is why we, as consumers, seek authorities to whom we can outsource the job of filtering information, someone who will do the work for us – try and sift through the assortment and tell us the best options. Influencers, in this case, play a useful role as filters – people we trust who narrow down choices based on criteria we consider important. The greater the choice of everything – the greater the demand for people who filter will be.
